OKX to launch perpetual futures on OpenAI, SpaceX and Anthropic — no equity attached.

OKX is preparing perpetual futures tied to private companies including OpenAI, SpaceX, and Anthropic, offering synthetic price exposure ahead of any potential public listings. The contracts carry no equity ownership or shareholder rights — they track price sentiment, not cap-table stakes.

The move deepens a race already underway: Bitget launched its 'IPO Prime' product in April with a Solana-based SpaceX-linked token via Republic, while Injective rolled out pre-IPO perpetual futures last year across OpenAI, Anthropic, SpaceX, and Perplexity — framing the category as a way to bring the $13 trillion private equity market on-chain.

The space carries precedent risk. Robinhood's OpenAI-linked tokens — backed by a special purpose vehicle holding secondary-market equity — prompted OpenAI to publicly distance itself, noting any equity transfer requires company approval. OKX's synthetic-only…